SOURCE: Premier Alliance Group, Inc.

Premier Alliance Group, Inc.

February 22, 2010 10:00 ET

Premier Alliance Group, Inc. Announces Contract, in Excess of One Million Dollars, With a Fortune 50 Institution

CHARLOTTE, NC--(Marketwire - February 22, 2010) -  Premier Alliance Group, Inc. (OTCBB: PIMO), a business and technology consulting firm, announced that they have broadened a previous relationship with one of the nation's top financial institutions by engaging to work on enterprise risk and compliance based initiatives being driven out of the Global Markets Risk Management group throughout 2010. This contract expands upon work Premier Alliance Group performed in 2009 for the same client. Premier anticipates that this new engagement will produce revenues in excess of one million dollars ($1,000,000).

The Global Markets Risk Management group is overseeing multiple enterprise based initiatives including: compliance efforts, BASEL regulatory items, and operational initiatives dealing with business processes supporting federal regulatory rules changes. Premier Alliance Group will provide Senior Consultants as knowledge based experts to provide business process analysis and change management expertise for these efforts. 

Premier Alliance Group, Inc. provides business consulting services to customers with a focus on core areas of business processes used throughout the corporate world; including project management, business analysis, business consulting and strategic consulting. Typical initiatives in which the Company provides services include compliance and regulatory, merger and acquisition, and business process reengineering efforts.

Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.

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